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RE: Introducing CTP Chat

in The CTP Swarm3 years ago

For sure....So the idea of burning tokens is a simple supply / demand answer.

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These are the current numbers of the supply of CTP Tokens....

As the inflation model continues to 'print' new tokens for everyone that's earning them through upvotes, the tokens that we earn on the CTPchat account will be sent to the @null account...Which essentially means they are burned and cease to exist.

So supply gets lower, demand SHOULD increase.

CTP currently has a very high staked economy, so there will be less and less CTP tokens in total circulation the more we burn them.

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Does this include the curation rewards for people posting? If so I can re stake those rewards correct

Yeah so like, all the curation and post rewards this account gets....We'll burn the CTP and then with the Hive rewards, we'll go buy CTP off the market and burn it too.